Micron Technology, Inc.

(NASDAQ:MU) stock traded lower Thursday morning, even as U.S. stock futures pointed slightly higher.

Nasdaq futures rose 0.07%, while S&P 500 futures gained 0.18%.

AI Storage Demand Boosts NAND Market Micron's premarket decline comes despite a favorable industry backdrop.

The company is benefiting from a shift toward higher-value NAND products as artificial intelligence fuels demand for enterprise storage, according to Counterpoint Research.